1. Better Price
One year ago, the buying frenzy was so great that Erie, Colorado homebuyers were paying ~$125,000 over asking price for their homes. They were also waiving inspection objections, providing appraisal gap coverages in full, and having to choose their homes very quickly as homes were staying on the market less than a week. The trend continued throughout the first half of the year and drove the median prices of homes upward. Many homebuyers felt like boxers pinned up against the ropes, taking punch after punch after punch. Bidding wars and a lack of options led the rest to pivot as they found themselves unable to fund the mission or the available options simply could not suit their needs.
But then came the turnaround.
Data from the past six months now reveals homebuyers paying UNDER asking price month after month, which has caused sellers to reduce their prices to the same levels they were one year ago. Homes are also staying on the market longer, which is allowing homebuyers the ability to properly inspect their homes and more time to make choices that are in true alignment with their home ownership goals.
HOME PRICE TRENDS (LIST/CLOSE) DAYS ON MARKET TREND
**Data provided by REColorado**
2. Lots of Choices
Erie, CO is growing quickly. People are flocking towards the fantastic community, loads of recreational amenities, small town feel, and the opportunity to choose from a vast array of home styles that can really create a special feeling and pride of ownership. From homes with airplane hangars to horse properties, golf course views, historic homesites, and more, there is certainly an option for every type of homebuyer out there.
To accompany the amazing pre-owned homes, there has also been an influx of new construction home builders including Lennar, Century Communities, KB Homes, Taylor Morrison, Boulder Creek Neighborhoods, Southern Land Company, and Richmond American Homes. Each community offers special incentives to home buyers, multiple layouts and options, as well as community amenities.
Both pre-owned homes and new construction companies allow buyers to work with real estate agents, which helps take the load off the homebuyer and ensures that the home buying experience becomes a win-win for all!
Overall, more choices at better prices is the perfect equation for homebuyers like you to find the perfect home AND the perfect lifestyle!
The beginning of a new year is always an inspired time for change.
Plant your seed and take the first step.
Request your list of available homes in Erie, CO right now!
We can't wait to see you turn your dreams into a reality!
Welcome to 2023!
